Shares of Franklin Resources Inc. BEN sank 0.79% to $30.05 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.36% to 4,185.47 and the Dow Jones Industrial Average DJIA rising 0.48% to 34,200.67. The stock's fall snapped a two-day winning streak. Franklin Resources Inc. closed $1.27 short of its 52-week high ($31.32), which the company achieved on April 13th.
The stock underperformed when compared to some of its competitors Friday, as BlackRock Inc. BLK fell 0.78% to $811.45, IGM Financial Inc. IGIFF rose 0.53% to $32.16, and Affiliated Managers Group Inc. AMG fell 0.20% to $157.50. Trading volume (1.9 M) remained 1.5 million below its 50-day average volume of 3.4 M.